From 1 January 2018, the Fair Work Commission (FWC) has made some changes to casual and part-time entitlements in some awards. The FWC introduced overtime rates for casual employees in many awards and changed how part-time hours can be worked in other awards. The following awards have changes: – Fast Food Award – Hair and […]

Finding the right staff is imperative to a successful business. Employees can help you to grow and excel in your business and industry, and shape your business’ overall culture and ethic. Here are three things to consider when searching for the right people to hire: Focus on skills more than experience Probe people beyond their […]

Poor cash flow is one of the biggest reasons why small businesses fail. A healthy cash flow allows you to operate your business free of hassle; allowing you to pay your staff and bills on time. Having enough working capital to meet your business’ needs can help you stay out of debt and in business. […]

When used correctly, hashtags are a great way for businesses to increase customer engagement and make their social media posts more visible. A hashtag is a keyword phrase that has no spaces with the # sign at the start of the phrase, e.g., #accountingfirm #smsfadvice. They can be placed anywhere in a business’s social media […]

Millennials are encompassing around a quarter of the workforce now and bringing along with them diverse needs and challenges. Employers must understand these needs and challenges to better attract more Millennials to work for them as their skills are in high demand. Firstly, Millennials (born between 1980-2000) are the first generation to understand technology possibly […]

With the FBT year-end just around the corner, it is a good time to review your FBT compliance to avoid raising attention from the Australian Tax Office (ATO). The ATO is currently targeting the following rules for FBT: Motor vehicles Situations where an employer-provided motor vehicle is used or available for private travel for staff. […]

The superannuation transfer balance caps have been problematic for SMSF members who don’t take careful consideration when succession planning. Failure to understand the impact of these transfer balance cap changes can have on your finances may force you to transfer large amounts of money out of your super. The transfer balance cap of $1.6 million […]

Opting for a self-managed super fund (SMSF) can be a clever financial decision, but it’s not for everyone. If you aren’t prepared to adhere to the following tips, your SMSF will most likely fail to perform as well as you would of hoped it to. Stay informed You can’t expect your SMSF balance to be […]

Most businesses know the power of Facebook marketing. Facebook has the ability to reach current and potential customers, generate higher levels of brand awareness and engage customers regularly. However, due to Facebook’s popularity, it is highly competitive for businesses using the social platform. This requires businesses to spend more time on perfecting their strategy for […]

Setting goals involves having an end date, but deadlines could be killing your business. While deadlines can help motivate employees to complete their work within a given timeframe, research shows that there are a number of downfalls to setting strict deadlines. Consider the following: Creativity Deadlines have been proven to hinder an individual’s creativity and […]